PriceSmart Inc (PSMT)

Net profit margin

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Net income (ttm)	US$ in thousands	138,875	125,188	122,271	114,347	109,205	117,128	106,814	106,928	104,534	100,691	103,962	100,737	97,963	98,578	88,754	86,118	78,109	78,706	80,097	78,307
Revenue (ttm)	US$ in thousands	4,887,840	4,781,180	4,645,640	4,498,230	4,392,180	4,301,670	4,240,670	4,145,550	4,066,096	3,954,332	3,818,786	3,717,795	3,619,871	3,520,846	3,425,513	3,394,679	3,329,188	3,319,907	3,308,532	3,256,222
Net profit margin		2.84%	2.62%	2.63%	2.54%	2.49%	2.72%	2.52%	2.58%	2.57%	2.55%	2.72%	2.71%	2.71%	2.80%	2.59%	2.54%	2.35%	2.37%	2.42%	2.40%

August 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $138,875K ÷ $4,887,840K
= 2.84%

The net profit margin of PriceSmart Inc has remained relatively stable over the past several periods, averaging around 2.6% to 2.7%. This indicates that the company, on average, is able to convert about 2.6% to 2.7% of its total revenue into net income after accounting for all expenses. While there have been minor fluctuations in the net profit margin, the overall trend suggests that PriceSmart Inc has been able to maintain a consistent level of profitability relative to its revenue generation. The company's ability to sustain such profit margins may reflect its operational efficiency and effective cost management practices.